Solana ETF Sees Over $11 Million in Weekly Inflows, Market Anticipates Rebound
- Increased Institutional Interest: Solana ETFs attracted over $11 million in net inflows last week, surpassing the combined inflows of Bitcoin and Ethereum ETFs, indicating sustained institutional demand that may support price stability.
- Price Pattern Analysis: Solana's price fluctuates between $126 and $128, forming a falling wedge pattern that suggests diminishing selling pressure, with market participants anticipating a significant price movement potentially targeting the $185 to $190 range.
- Momentum Indicators Support Rebound: The 4-hour chart shows bullish divergence in momentum indicators, where lower price lows coincide with higher momentum lows, indicating that sellers are gradually losing control, which may signal an impending reversal.
- Short-Term Consolidation Focus: Currently, Solana trades around $124.75, facing resistance at $130; if it breaks above $130, a short-term increase is likely, while a drop below $120 could lead to lower price targets.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL) As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 15.963 | 41.731 | 67.313 | 93.081 | 118.663 | 144.431 | 170.013 |
| Fibonacci | 41.731 | 61.347 | 73.466 | 93.081 | 112.697 | 124.816 | 144.431 |
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